Wasatch Advisors LP Boosts Stake in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Wasatch Advisors LP boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 45.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,362,067 shares of the company’s stock after purchasing an additional 1,371,744 shares during the period. Ollie’s Bargain Outlet comprises 2.2% of Wasatch Advisors LP’s portfolio, making the stock its 6th biggest holding. Wasatch Advisors LP owned about 0.07% of Ollie’s Bargain Outlet worth $335,356,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of OLLI. Handelsbanken Fonder AB lifted its position in shares of Ollie’s Bargain Outlet by 3.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 20,900 shares of the company’s stock worth $1,607,000 after buying an additional 700 shares during the period. GAMMA Investing LLC raised its stake in Ollie’s Bargain Outlet by 13.2% during the second quarter. GAMMA Investing LLC now owns 1,632 shares of the company’s stock worth $125,000 after acquiring an additional 190 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Ollie’s Bargain Outlet during the first quarter valued at $387,000. NewEdge Advisors LLC boosted its stake in shares of Ollie’s Bargain Outlet by 618.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,491 shares of the company’s stock valued at $413,000 after purchasing an additional 3,866 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $205,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Ollie’s Bargain Outlet from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. UBS Group set a $80.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, July 9th. Loop Capital restated a “buy” rating and issued a $135.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, June 4th. Truist Financial decreased their price objective on shares of Ollie’s Bargain Outlet from $112.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $70.00 price objective (down from $152.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.07.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock opened at $78.71 on Wednesday. The stock’s fifty day moving average is $73.17 and its 200-day moving average is $88.48. The stock has a market capitalization of $4.76 billion, a PE ratio of 19.43, a PEG ratio of 1.40 and a beta of 0.46. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $60.29 and a 52 week high of $140.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ollie’s Bargain Outlet had a return on equity of 13.43% and a net margin of 9.13%.The business had revenue of $658.93 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.450-4.550 EPS. As a group, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 4.45 earnings per share for the current fiscal year.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.